SILVER - USD - 15 min. - Technical analysis published on 02/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 22.77 USD
My targets
23.12 USD (+0.12%)
23.30 USD (+0.92%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 22.77 USD. The next resistance located at 23.12 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 23.30 USD. After this resistance, buyers could then target 23.65 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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Additional analysis
Quotes
SILVER - USD rating 23.09 USD. The price has increased by +0.57% since the last closing and was traded between 22.91 USD and 23.13 USD over the period. The price is currently at +0.79% from its lowest and -0.17% from its highest.22.91
23.13
23.09
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.29 | 22.82 | 22.94 | 23.09 | 23.17 | 23.41 | 23.81 |
| Change (%) | -3.46% | -1.17% | -0.65% | - | +0.35% | +1.39% | +3.12% |
| Change | -0.80 | -0.27 | -0.15 | - | +0.08 | +0.32 | +0.72 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.24 | 22.59 | 22.77 | 23.12 | 23.30 | 23.65 | 23.83 |
| Camarilla | 22.81 | 22.86 | 22.91 | 22.96 | 23.01 | 23.06 | 23.11 |
| Woodie | 22.17 | 22.55 | 22.70 | 23.08 | 23.23 | 23.61 | 23.76 |
| Fibonacci | 22.59 | 22.79 | 22.91 | 23.12 | 23.32 | 23.44 | 23.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.83 | 21.38 | 22.40 | 22.95 | 23.97 | 24.52 | 25.54 |
| Camarilla | 22.99 | 23.13 | 23.28 | 23.42 | 23.56 | 23.71 | 23.85 |
| Woodie | 21.07 | 21.50 | 22.64 | 23.07 | 24.21 | 24.64 | 25.78 |
| Fibonacci | 21.38 | 21.98 | 22.35 | 22.95 | 23.55 | 23.92 | 24.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.67 | 20.80 | 21.85 | 22.98 | 24.03 | 25.16 | 26.21 |
| Camarilla | 22.31 | 22.51 | 22.71 | 22.91 | 23.11 | 23.31 | 23.51 |
| Woodie | 19.64 | 20.78 | 21.82 | 22.96 | 24.00 | 25.14 | 26.18 |
| Fibonacci | 20.80 | 21.63 | 22.14 | 22.98 | 23.81 | 24.32 | 25.16 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.97 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 13.16 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 23.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.00 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 22.97 | |
| Zig ZAG (10): | 23.09 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 91.30 | |
| TEMA (21): | 23.07 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.85 |
| MA7: | 22.80 | |
| MA20: | 22.76 | |
| MA50: | 23.12 | |
| MA100: | 23.10 | |
| MAexp7: | 23.06 | |
| MAexp20: | 23.01 | |
| MAexp50: | 23.00 | |
| MAexp100: | 23.02 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | -0.13% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.30% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
-
Silver Technical Analysis for December 08 2016 by FXEmpire.com
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Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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